Credit unions and designated staff members in the states of Arkansas, Oklahoma and Texas may apply for grants to attend professional development training and education workshops and conferences offered by or through the Cornerstone Credit Union League or industry related organizations. Grant applications may be submitted for a variety of professional development opportunities including, but not limited to, the following: conferences, ALM training, seminars, NCUA fiduciary requirement training, webinars, and CUDE certification. Those wishing to enroll in Southwest CUNA Management school may also apply for an SCMS scholarship (this is done through a separate application).
Credit unions - Credit unions in Arkansas, Oklahoma and Texas may apply for scholarship assistance for designated employees or volunteers who serve as board or committee members. Application must be signed by the credit union CEO.
Credit union chapters - Must be a chapter in good standing with the Cornerstone Credit Union League at the time of application. See chapter grant program below.
Credit union industry organizations or groups - Other public or not-for-profit industry organizations dedicated to providing credit union specific training, events or industry development/recognition opportunities may apply for grants.
Credit unions and chapter may receive only one grant per calendar year for training and education purposes. However, a professional development grant application may include a request for more than one training or education event. For example, an application may be submitted for a training calendar that could include Leadership Conference, ALM training, and Volunteers' Forum. Different individuals from the credit union may attend different events.
The Cornerstone Credit Union Foundation embraces the credit union philosophy, "People Helping People," with a special emphasis on financial education. Credit unions and other credit union affiliated or partner organizations that offer financial education programs or services to their members, constituents, or stakeholders may apply for a Financial Education or Community Outreach Grant.
Credit unions - Credit unions that have applied for a training calendar grant may also apply for a Community Outreach Grant, so long as the grant will support a community or member outreach program, and incorporates a financial education component.
Partner organizations - Partner organizations are strongly encouraged to have some sort of credit union relationship, such as utilizing credit union volunteers, programs for credit union members, and community collaborations. Sound financial management must also be demonstrated by the applicant. Eligible non-credit union related partners may include:
Whether a tornado in Oklahoma or a hurricane on the Gulf Coast, credit unions are known for their quick and generous support of disaster relief efforts. The Cornerstone Credit Union Foundation is able to respond to disasters because of credit unions' commitment to "people helping people." Working together with other Leagues, CUNA, the National Credit Union Foundation, and affected credit unions, funds are distributed directly to those in need so they can stabilize their lives and continue to serve their members.
The Foundation has established a three-phase process when disaster occurs:
Phase I emergency grants - provided to credit union employees to assist with immediate disaster relief needs, such as out-of-pocket costs that may result from being evacuated.
Phase II grants - intended to assist credit union employees with significant needs. This is implemented only after the distribution of phase one grants.
Phase III grants - intended to follow-up with those credit union employees who suffered catastrophic loss and are still needing assistance after phase two grants have been distributed. This phase begins 180 days after the respective disaster and is dependent on the funds available.
Learn more about the disaster relief program.
With Hispanics becoming the nation's fastest growing minority, many credit unions are making it a priority to fulfill the needs and earn the trust of this underserved marketing. The Richard L. Ensweiler Fund allows credit unions to specifically designate their Community Investment Fund investments to promoting Hispanic outreach initiatives.
Credit union chapters serve a very important purpose in the credit union system. They are a source of professional and organizational development, local credit union awareness and community outreach. Credit union chapters are also a centralized source of connection to credit unions for the community. The Chapter Grants Program provides support for the Cornerstone Credit Union League chapter program, as well as a recognition opportunity both locally and within the industry. Chapters may receive annually up to $2,000 in grants for one or a combination of programs.
Professional development and education - Foundation Chapter Grants can be used to bring in a training or education program that will be beneficial to member credit unions.
Chapter scholarship program - Chapters may elect to sponsor a scholarship for local students on behalf of the chapter and the Foundation. This program would benefit local students, create awareness and loyalty for local credit unions and highlight the social mission of all credit unions.
Chapter community outreach program - A chapter community outreach program can be a combined effort by member credit unions to benefit the community. This can include reality fairs, retirement fairs, joint sponsorship of a community financial education program, offer VITA sites during the tax season, or the "Experience a Credit Union" campaign.
The CIF Development Fund allows credit unions to specifically designate their Community Investment Fund investments to promoting the true development of credit unions and their staff.
** These grant types do not reflect all that is eligible through the development fund
Overview of Grant Programs
2014 Grant Expense Form
2014 Grant Expense Form Instructions
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